Craig Wright, a computer scientist, continues to sue those who challenge his claim of being the creator and holder of Bitcoin’s intellectual property.
Coinbase and Kraken, two crypto exchanges, are under fire for misrepresenting Bitcoin Core as the real Bitcoin.
Wright’s legal team stated that more filings against major exchanges were in the works. They claim litigation is necessary to “prevent future misperceptions about the true operation of Bitcoin.”
“This lawsuit is the latest in a string of legal claims ONTIER LLP has issued on Dr Wright’s behalf and his related entities to uphold his rights to protect his digital assets, his reputation for creating Bitcoin and his intellectual property .
The proceedings were filed on April 29, 2022 and will be heard by the Business and Property Courts of England and Wales. This court is responsible for resolving international civil and specialist business disputes, as well as intellectual property-related disputes.
Wright claims that Bitcoin SV, the true Bitcoin, is Bitcoin SV
Wright claims that Coinbase, Kraken and other exchanges have “passed off” BTC to be the real Bitcoin. Wright claims that he created the original Bitcoin in 2009, but the actual Bitcoin is a different protocol.
Wright claims that the true Bitcoin, or the one that is faithful to the original protocol, would be Bitcoin Satoshi Vision (BSV).
“The Claimants claim that these exchanges and others have been trading – encouraging investors and consumers trade and invest in BTC – by passing that asset off as Bitcoin.
According to the proceedings, Coinbase and Kraken misrepresented BTC as the original Bitcoin. This has confused crypto investors who don’t know the “authenticity of the assets they deal with.”
Wright seeks an injunction to prevent Coinbase and Kraken deceiving investors by the “improper usage” of signs and words that promote BTC/BTC.
Wright’s legal team believes that the claim will be worth many billions of pounds based on the revenue of the defendant.
Update on ongoing defamation lawsuits
Peter McCormack, the host of What Bitcoin Did Podcast, updated Wright on last week’s legal dispute. McCormack confirmed that Wright had set a trial date for May 23rd and 24.
Craig Wright and I have set the trial date for our libel suit for May 23rd & 24th.
So, I will not be able attend the Oslo Freedom Forum in this year’s.
All is at stake…
— Peter McCormack
(@PeterMcCormack, April 29, 2022
McCormack in 2019 accused Wright of being a fraud because he claimed to be Satoshi Nakamoto. Wright responded by filing a libel lawsuit claiming McCormack had damaged his reputation.
Magnus Granath (AKA @hodlnaut) received a similar response to Wright’s claims that he is Satoshi Nakamoto. Wright’s legal team states that the defamation case will likely be heard by early 2023.
In Wright’s legal action against bitcoin.org operator, the London High Court ruled last year in Wright’s favor. Wright claimed that the site had violated Wright’s copyright by hosting his Bitcoin whitepaper.
Craig Wright files legal action against Coinbase & Kraken for “misrepresenting” Bitcoin CryptoSlate.
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